Gk news digest

. Which accounting concept states that a business and its owner are treated as separate entities?
A) Going Concern
B) Consistency
C) Business Entity✓
D) Dual Aspect

2. The concept of "Materiality" in accounting means:
A) All transactions must be recorded in material (physical) form
B) Only transactions✓ significant enough to affect decisions need full disclosure
C) Assets must be recorded at market value
D) Revenue must match with expenses

3. Under the Accrual Concept, revenue is recognised when:
A) Cash is received
B) It is earned, regardless of cash receipt✓
C) The accounting year ends
D) The invoice is raised only

4. Which of the following is NOT a feature of Not-for-Profit organisation?
A) It prepares an Income & Expenditure Account
B) Its surplus is distributed among members✓
C) It is formed for social or charitable purposes
D) It maintains a Receipts & Payments Account

5. The Convention of Conservatism (Prudence) directs accountants to:
A) Record all anticipated profits but ignore anticipated losses
B) Record all anticipated losses but ignore anticipated profits✓
C) Record both anticipated profits and losses equally
D) Ignore both profits and losses until realised

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PANCHAYAT ACCOUNT ASSISTANT

Tomorrow at 11 am important questions will be available at telegram channel

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GK news digest will conduct quiz based on Panchayat accounts assistant , at 9:00 pm, today , Hope u will participate all, Evaluate yourself

GK today will conduct free mock test for PANCHAYAT ACCOUNT ASSISTANT from 9 Oct to 15 Oct , Subject wise

9 Oct Mathematics
10 Oct Accountancy
11oct General knowledge and jk
12 Oct Economy
14 Oct computer
15 Oct General science

1)India produces?
a) 14.6 million tonnes of bamboo every year
b)20 million tonnes of bamboo every year
c)15 million tonnes of bamboo every year
d) 7 million tonnes of bamboo every year
2)Syncretism is :
a)is the union or fusion of different religions and cultures.
b) It's cultural heritage
c) it's cultural diversity
d) it's diffusion of different religions and cultures
3)with respect to world food prize?

a)The World Food Prize is equivalent to Nobel Prize in the field of Agriculture
b)The World Food Prize is equivalent to Nobel Prize in the field of Horticulture
c)The World Food Prize is equivalent to Nobel Prize in the field of Agriculture and was won by Ratan LAL in 2020
d)The World Food Prize is equivalent to Nobel Prize in the field of Agriculture and was won by Swaminathan in 2020

4)The term Tarf , used during the reign of Qutubuddin Aibak , stands for –
[A] Higher nobility
[B] Department of central administration
[C] Subdivision of territory
[D] Provincial government
5)Stilwell Road” connects India with which among the following neighbors?
[A] China
[B] Bhutan
[C] Bangladesh
[D] Pakistan
6)Through which of the following states Chambal river does not flow?

[A] Uttar Pradesh
[B] Madhya Pradesh
[C] Rajasthan
[D] Gujarath
7)WISPA is related to which of the following sports?

[A] Football
[B] Chess
[C] Cricket
8) Which of these is correct:
a)Padma Vibhushan is awarded for exceptional and distinguished services.
b) Padma Shri is awarded for distinguished service
and
c)Padma Bhushan is awarded for distinguished service of high order
d) All are correct
9)The PMUY scheme was launched for a duration ending the financial year___________
A) 2018-19
B) 2019-20
C) 2020-21
D) 2021-22
10)What was the number of state in India after the States Reorganization Act 1956, which reorganized the boundaries of different states on linguistic basis?

[A] 13
[B] 14
[C] 15
[D] 20
11(Which of the following isotope of Hydrogen has only one neutron?

[A] Protium
[B] Deuterium
[C] Tritium
[D] None of them
12)The river flows through the states of Odisha and Chhattisgarh;
a) Mahanadi
b) Godavari
c) Krishna
d)Cauvery
13)World's No.1 egg producer–
(A) New Hempshire (B) Leghorn
(C) English class (D) Rhode Island Red
14)Milk vein in cows contains–
(A) Water (C) Blood
(B) Milk (D) Milk and blood
15)The IBBI (insolvency and bankruptcy board of India) has:
a)one member from RBI
b)two members from RBI
c)three members from RBI
d)Four members from RBI
16)The SDG 15 aims to :
a)halt and reverse land degradation.
b) achieve Zero hunger
c) Improve health for all
d)All of the above
17)There are _______ National Geo-Heritage Monuments in India?
a) 22
b) 34
c) 12
d) 33
18)Shebaa' Farms are in:
a)Lebanon
b)Jordan
c) Syria
d) Egypt
19)Summer and Winter Olympic Games are organized by the IOC. It is a non-governmental sports organization headquartered at:
a) Lausanne, Switzerland.
b)Glans Netherlands
c)Paris
d)New York city